China Food Acidulants Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)
The China food acidulants market is projected to grow at a CAGR of 4.4% during the forecast period 2020 - 2025.
Key HighlightsPhosphoric acid has extensive applications in the food and beverage industry due to its functional benefits. The food-grade phosphoric acid acts as an acidity regulator in foods like jams, cereal bars, processed meats, cheese, etc. Also, the phosphoric acid (especially the 85%-grade phosphoric acid) has extensive applications in the alcoholic beverage industry. It is often added in carbonated drinks to give a sharper and tangy taste, along with slowing down the growths of molds and bacteria in sugar formula. Thus, leading beverage companies across the world have been extensively using phosphoric acid in their product compositions nowadays. For instance, Coca-Cola incorporates phosphoric acid which is used in its certain sparkling beverages to add tartness to the beverage.
Acquisitive Demand of Acidulant in Dairy IndustriesThe use of acidulants in the dairy industry has been witnessed with significant growth in the last decade owing to its functioning to controls the acidity or alkalinity of dairy products. It also has various added benefits, as it can act as a preservative, flavoring agent, and gelling or coagulating agent which makes it a preferred alternative among all acidulants present in the market. Furthermore, the addition of acidulants, such as citric acid, in the manufacturing of dairy-based products help in reducing the fermentation time, while maintaining desirable sensory and physicochemical properties.
Competitive LandscapeThe China food acidulant market is consolidated in nature owing to the presence of comparatively less number of regional and domestic players. However, the emphasis is given on the merger, expansion, acquisition, and partnership of the companies along with new product development as strategic approaches adopted by the leading companies to boost their brand presence among consumers. Key players dominating the county's market include Tate & Lyle PLC, ADM Group, Corbion NV, Galactic SA/NV, and COFCO, among others.
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